JEBP.L vs. USDC.L
JEBP.L (JPMorgan ETFs Ireland ICAV - JPM EUR IG Corporate Bond Active UCITS ETF - GBP Hedged (acc)) and USDC.L (L&G USD Corporate Bond Screened UCITS ETF USD Distributing) are both Corporate Bonds funds. JEBP.L is actively managed, while USDC.L is passively managed. Over the past 3 years, JEBP.L returned 6.25%/yr vs 3.18%/yr for USDC.L. At a 0.26 correlation, their price movements are largely independent.
Performance
JEBP.L vs. USDC.L - Performance Comparison
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Different Trading Currencies
JEBP.L is traded in GBP, while USDC.L is traded in USD. To make them comparable, the USDC.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JEBP.L achieves a 1.37% return, which is significantly higher than USDC.L's -2.54% return.
JEBP.L
- 1D
- -0.16%
- 1M
- -0.38%
- 6M
- 0.92%
- YTD
- 1.37%
- 1Y
- 3.55%
- 3Y*
- 6.25%
- 5Y*
- —
- 10Y*
- —
USDC.L
- 1D
- -0.92%
- 1M
- -1.56%
- 6M
- -3.50%
- YTD
- -2.54%
- 1Y
- 1.17%
- 3Y*
- 3.18%
- 5Y*
- 0.47%
- 10Y*
- —
JEBP.L vs. USDC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JEBP.L JPMorgan ETFs Ireland ICAV - JPM EUR IG Corporate Bond Active UCITS ETF - GBP Hedged (acc) | 1.37% | 5.22% | 5.89% | 9.18% | -12.18% | -0.52% |
USDC.L L&G USD Corporate Bond Screened UCITS ETF USD Distributing | -2.54% | -0.23% | 4.93% | 2.93% | -3.67% | -0.59% |
Correlation
The correlation between JEBP.L and USDC.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.26 |
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Return for Risk
JEBP.L vs. USDC.L — Risk / Return Rank
JEBP.L
USDC.L
JEBP.L vs. USDC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs Ireland ICAV - JPM EUR IG Corporate Bond Active UCITS ETF - GBP Hedged (acc) (JEBP.L) and L&G USD Corporate Bond Screened UCITS ETF USD Distributing (USDC.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JEBP.L | USDC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.03 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 0.16 | +1.12 |
| Martin ratioReturn relative to average drawdown | 4.96 | 0.35 | +4.61 |
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Drawdowns
JEBP.L vs. USDC.L - Drawdown Comparison
The maximum JEBP.L drawdown since its inception was -15.49%, which is greater than USDC.L's maximum drawdown of -13.86%. Use the drawdown chart below to compare losses from any high point for JEBP.L and USDC.L.
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Drawdown Indicators
| JEBP.L | USDC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.49% | -13.86% | -1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -7.37% | +4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -2.68% | -8.93% | +6.25% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.86% | — |
Current DrawdownCurrent decline from peak | -0.81% | -5.18% | +4.37% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -5.59% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 3.37% | -2.68% |
Volatility
JEBP.L vs. USDC.L - Volatility Comparison
The current volatility for JPMorgan ETFs Ireland ICAV - JPM EUR IG Corporate Bond Active UCITS ETF - GBP Hedged (acc) (JEBP.L) is 0.76%, while L&G USD Corporate Bond Screened UCITS ETF USD Distributing (USDC.L) has a volatility of 2.33%. This indicates that JEBP.L experiences smaller price fluctuations and is considered to be less risky than USDC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEBP.L | USDC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 2.33% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 6.39% | -3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.12% | 7.82% | -4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.54% | 9.02% | -4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 8.90% | -4.36% |
Dividends
JEBP.L vs. USDC.L - Dividend Comparison
JEBP.L has not paid dividends to shareholders, while USDC.L's dividend yield for the trailing twelve months is around 2.32%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JEBP.L JPMorgan ETFs Ireland ICAV - JPM EUR IG Corporate Bond Active UCITS ETF - GBP Hedged (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USDC.L L&G USD Corporate Bond Screened UCITS ETF USD Distributing | 2.32% | 4.47% | 4.08% | 3.24% | 2.36% | 0.78% |
Frequently Asked Questions
JEBP.L and USDC.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: JPMorgan and L&G.
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